Did you know that major business strategy consultancies such as McKinsey, Gartner and IDC influence the trends we see in strategic plans?
They use special tools such as Gartner curves (also known as Hype Cycle), McKinsey's technology pendulum and other proprietary methods to predict what is to come.
McKinsey's Tech Pendulum
The McKinsey pendulum, for example, helps us understand whether we are in a technology construction/development phase or whether we should rather reuse the technology available on the market. However, with the rapid technological revolution of recent years, these recommendations have had to be adapted, isolating specific areas so as not to incur high-impact risks. Currently, the pendulum points to a necessary phase of new technology development for the period 2021-2027.
These recommendations promote leveraging emerging technologies to differentiate our businesses. But there is a catch: we must separate the accounting and regulatory areas from the experimental part, to ensure regulatory, fiscal and environmental compliance. This will allow us to develop new programs, solutions and adjustments, safely and effectively, without impacting vital areas.
For these reasons, leading consulting firms are urging companies to rethink and redesign their core business, while keeping their financial side intact. And this is where CFOs and CEOs need to fully understand the implications, in order to reallocate the necessary investments under the condition of aligning themselves with the accounting and backoffice processes of a proven financial ERP, always up-to-date and with the lowest possible TCO, to ensure the release of the required resources.
In short, having the right ERP is critical to addressing future growth, building a solid foundation for developing your business differentiation, and staying competitive in an ever-changing business world.
